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Blogs Category - Industry Word

If you own a business then you have a lot to gain by adopting lean business planning to help you manage better. Don’t bother to do a full formal business plan unless you have to have one for a bank, investors, partners or some other real reason. Instead, do a lean business plan – it...

If you’re seriously contemplating the purchase of a franchise, there may come a time in the process when you’ll need to consider stepping back for a bit.I’ve found that sometimes (especially when making major life decisions) it’s wise to put things on pause.That’s...

The tax law acts like the Lord, who giveth and taketh away, when it comes to certain tax write-offs. Breaks can be enjoyed now, but there’s a day of reckoning when the breaks are repaid to the government. There are several rules that recapture previously claimed tax breaks. The information...

On CNBC’s Shark Tank, one of the most important lessons that unprepared entrepreneurs learn after ruthlessly being chewed up is the importance of knowing their numbers. Ari Hoffman, Chief Operating Officer for Gobie H20 (episode 426) says, “It cannot be said enough, know your numbers....

Ask many experts what the key to small business success is and they’ll say, “acting strategically.” That means not only planning ahead but also reacting to situations and making decisions that drive your business forward in the right direction. Today we’re sharing resources...

In a recent study by Infusionsoft, SMBs far and away said “word of mouth” was their most effective marketing tool. Sixty-two percent cited word-of-mouth as their best marketing tactic—nearly twice as effective as the email, the second-rated tactic (34 percent).How can you boost...

Are you an entrepreneur looking to get your startup funded? Be careful.I suppose it’s no surprise that hopeful entrepreneurs are good targets. Too often we’re led to believe that getting investment money is the ultimate victory. Supposedly we’re all going to be successful as soon...

If you’re going to risk some of your hard-earned money and buy a franchise business, you’re going to want to know how much money you’ll potentially make as a franchise owner. I’m going to show you how to do it.Who to askThe best place to go for answers to your money...

We all make mistakes and when it comes to taxes it’s all too easy to slip up. Recognizing mistakes and fixing them as quickly as possible is the key to minimizing interest and penalties and getting back on track.Employer tax mistakesUnless you’re a very small employer (with quarterly...

According to Forbes, more than 52% of all small businesses in the U.S. are home based. If you're like most people who dream about starting their own business, now may be the best time to take the first step.Starting a home based business on the internet has never been easier and the...